India’s new labour codes: Reforms may not prevent layoffs, experts warn

Experts warn that India’s new labour codes, hailed as “revolutionary” and “timely”, may not guarantee job security. Storyboard18 spoke to industry specialists who caution that the reforms do not necessarily protect employees from layoffs. The experts said that the reforms could drive up companies’ operational costs, which in turn may affect overall employment levels. Gerald Manoharan, Partner, JSA Advocates & Solicitors, described the new labour codes as a “double-edged sword” regarding job security. Read more